Guangzhou: Zhongchang Marine announced that its subsidiary Yangxi Zhongchang Marine has received a RMB20m subsidy from the Yangjiang government in Guangdong province.
Yangjiang government said in a release that the subsidy is to help shipping companies in the city get through current difficulties and stabilize the shipping market in the region.
Zhongchang Marine reported a net loss of RMB76.53m in the first nine months of this year. [10/12/13]
